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The Fossil Fuel Industry Continues Producing Heat-Trapping Emissions that Drive Climate Change

Union of Concerned Scientists

A new dataset released by InfluenceMap provides information on heat-trapping emissions traced to the 122 largest investor and state-owned fossil fuel companies in the world. Fossil fuels are the main driver of climate change and the terrifying effects of it that we see happening across the world.

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Good News—and Bad—about Fossil Fuel Power Plants in 2023 

Union of Concerned Scientists

Solar power is expected to make up about half of all additions of US electric generating capacity in 2023, according to data from the US Energy Information Administration (EIA). Compiled by UCS from Energy Information Administration data as of January 2023. The general outlook includes some good news and some bad news.

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At COP28, Canada signs on to Joint Ministerial Statement on Fossil Fuel Subsidies 

Enviromental Defense

Statement from Julia Levin, Associate Director, National Climate Dubai, UAE – Today at COP28 Canada joined eight other countries in signing a Joint Ministerial Statement on Fossil Fuel Subsidies , to address inaction on a 14 year old commitment to eliminate fossil fuel subsidies.

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Western Wildfires are Burning Through Local and State Budgets 

Union of Concerned Scientists

For years, fossil fuel companies have socialized the costs of their pollution while privatizing the benefits. Since local and state governments are on the frontlines of paying for worsening wildfires, they should also be on the leading edge of holding fossil fuel companies accountable. Source: Statista 2023.

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Paris Agreement Article 2.1(C) sounds obscure – but it packs a big punch for cleaning up the financial sector.

Enviromental Defense

C) of the Paris Agreement has significant implications for how the global financial system works and will be a centrepiece of the coming years. The first priority following the 2015 Paris Agreement was to clean up public financing, so Article 2.1(C) C) of the Paris Agreement. Article 2.1(C)

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Unrelenting Heat Requires Accountability and Action

Union of Concerned Scientists

Right in the middle of Danger Season , we are going through a period of unprecedented global extreme temperatures driven by fossil-fueled climate change. It is very likely that 2023 will be among the hottest years ever, if not the hottest year ever recorded. Unprecedented changes This June was the hottest June on record.

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Oil Companies Plan to Take the Road Already Traveled

Union of Concerned Scientists

ExxonMobil’s early submission, though probably timed to get a head start on defusing climate-related shareholder resolutions, does give us a helpful roadmap of the climate accountability landscape in 2023. Heat-trapping emissions must be cut in half by 2030 to reach the Paris agreement goal of keeping global warming to 1.5